MNI China Daily Summary: Wednesday, December 18

MNI BRIEF: China Youth Umemployment Rate Fell In November

MNI CHINA MONEY MARKET INDEX: Easing Expectations Surge

MNI DEC CHINA MONEY MARKET INDEX 36.0 VS NOV 53.5

MNI BRIEF: PBOC Warns Market On Bond Rally - Press

MNI: PBOC Net Injects CNY309 Bln via OMO Wednesday

MNI: UK NOV CPI +0.1% M/M, +2.6% Y/Y

JAPAN DATA: Japan Nov Exports +3.8% Y/Y; Imports -3.8% Y/Y

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BUND TECHS: (Z4) Bear Threat Remains Present

BUND TECHS
Fixed Income Technical AnalysisCredit BulletsBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 134.25 High Oct 16         
  • RES 3: 133.54 High Oct 24 and key resistance  
  • RES 2: 132.95 50-day EMA 
  • RES 1: 132.38/74 20-day EMA / High Nov 12                         
  • PRICE: 132.29 @ 05:37 GMT Nov 18
  • SUP 1: 131.28/130.58 Low Nov 14 / 6 and the bear trigger  
  • SUP 2  129.99 1.236 proj of the Oct 1 - 10 -16 price swing              
  • SUP 3: 129.48 1.382 proj of the Oct 1 - 10 -16 price swing
  • SUP 4: 129.08 1.500 proj of the Oct 1 - 10 -16 price swing

Bund futures are unchanged and the contract is trading below its recent highs. Short-term gains are - for now - considered corrective. The trend direction is down and the Nov 6 break to a fresh cycle low reinforces this theme. The 131.00 handle has been cleared, signalling potential for 129.99, a Fibonacci projection. Initial key resistance is 132.38, the 20-day EMA (pierced). A clear break of it would be seen as an early bullish development.

162 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • RES 4: 134.25 High Oct 16         
  • RES 3: 133.54 High Oct 24 and key resistance  
  • RES 2: 132.95 50-day EMA 
  • RES 1: 132.38/74 20-day EMA / High Nov 12                         
  • PRICE: 132.29 @ 05:37 GMT Nov 18
  • SUP 1: 131.28/130.58 Low Nov 14 / 6 and the bear trigger  
  • SUP 2  129.99 1.236 proj of the Oct 1 - 10 -16 price swing              
  • SUP 3: 129.48 1.382 proj of the Oct 1 - 10 -16 price swing
  • SUP 4: 129.08 1.500 proj of the Oct 1 - 10 -16 price swing

Bund futures are unchanged and the contract is trading below its recent highs. Short-term gains are - for now - considered corrective. The trend direction is down and the Nov 6 break to a fresh cycle low reinforces this theme. The 131.00 handle has been cleared, signalling potential for 129.99, a Fibonacci projection. Initial key resistance is 132.38, the 20-day EMA (pierced). A clear break of it would be seen as an early bullish development.